ysabetwordsmith: Cartoon of me in Wordsmith persona (Default)
[personal profile] ysabetwordsmith posting in [community profile] crowdfunding
Peerbackers is a crowdfunding hub site that does fundraising for multiple project types.  This is the first one I've seen that gives creators a choice  of what to do after the fundraiser closes:
* If the project meets its goal, funds are released to the creator.
* If the project doesn't meet its goal but can fulfill the promised rewards, it gets whatever funds were raised.
* If the project doesn't meet its goal and therefore can't fulfill promised rewards, no funds are released.

This is different because the vast majority of hub sites are all-or-nothing, like Kickstarter.  If you don't make your goal, you don't get any funds at all.  IndieGoGo and a few others will pay out partial funds, but then sometimes the donors don't get anything for their effort.  I think Peerbackers has the right idea, because some projects are all-or-nothing while others are get-as-close-as-we-can.  It's more flexible and yields better results for both creators and donors.  I'll definitely keep an eye on this site in case I decide to launch a fundraiser -- the kinds of things I have in mind would really benefit from this flexible structure.

(no subject)

Date: 2012-01-11 06:33 pm (UTC)
clare_dragonfly: woman with green feathery wings, text: stories last longer: but only by becoming only stories (Molly)
From: [personal profile] clare_dragonfly
That looks really useful, thanks for sharing! I have wished for more flexibility from IndieGoGo and Kickstarter, and this sounds like exactly the compromise I was hoping for. (Not that I have any plans to use any of these sites--but it's good to know this one exists for if and when I do want to.)

(no subject)

Date: 2012-01-11 07:14 pm (UTC)
ailelie: (Default)
From: [personal profile] ailelie
This sounds like a good option for the ezine.

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crowdfunding: Ship with butterflies for sails, captioned "Crowdfunding" (Default)
Crowdfunding: Connecting Creators and Patrons

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